On Thursday, Bloomberg reported that singer and entrepreneur Rihanna is considering an initial public offering for lingerie company, Savage X Fenty. It’s believed that the IPO could value her company at $3 billion or more and further her billionaire status.



Jeremy Moeller | Getty Images

The brand is reportedly working with banks including Goldman Sachs Group and Morgan Stanley, and a listing could go public as soon as this year. Savage X Fenty raised $125 million in Series C funding in January from investors that include one of Jay-Z’s venture capital firms and a private equity firm backed by LVMH’s Bernard Arnault. Its total funding now amounts to $310 million.

Related: Rihanna is Officially a Billionaire and the Richest Female Musician in the World

Since the beginning of this year, Savage X Fenty has also been taking big steps to reach consumers in the brick-and-mortar space. The brand has two physical locations in Las Vegas and Los Angeles, with a plan to launch in cities such as Houston and Arlington.

can’t believe it’s actually that time, and I can’t wait for you to have this experience irl…. our very first locations: Las Vegas, Los Angeles, Houston, Philadelphia, and Washington DC. watch the @SavageXFenty feed for details

— Rihanna (@rihanna) January 7, 2022

A number of entrepreneurial ventures have catapulted Rihanna’s net worth to $1.7 billion. Besides Savage X Fenty’s launch in 2018, Rihanna’s business portfolio also includes cosmetic companies Fenty Beauty and Fenty Skin. 

Related: Business Lessons to Learn From Rihanna, the Woman of Mettle



  • 5 Habits Every CEO Should Avoid to Be a Remarkable Leader



  • Great Resignation or Great Redirection?



  • ‘We Kissed a Lot of Frogs.’ Kris Jenner on How She Built an Empire and Her Advice For Aspiring Entrepreneurs



  • Why We Choke Under Pressure and How to Avoid It, According to a Cognitive Scientist



  • How This ‘Accidental Entrepreneur’ Is Taking on Legacy Floral Companies and Disrupting the Industry



  • 2 Keys to Improving Leaders’ Mental and Emotional Wellbeing



  • Why ‘Proximity Bias’ Keeps Leaders From Excelling in the Era of Remote Work